Intel Corporation has three segments: Client Computing, Data Center, and Internet of Things (IoT). The following information is provided for 2023:

• Client Computing: Sales $2,000,000, Variable Costs $1,000,000, Fixed Costs $500,000
• Data Center: Sales $1,500,000, Variable Costs $800,000, Fixed Costs $400,000
• IoT: Sales $1,200,000, Variable Costs $600,000, Fixed Costs $300,000

Required:

1. Prepare a segmented income statement.
2. Calculate the contribution margin for each segment.
3. Analyze the profitability of each segment and suggest improvements.
4. Discuss the importance of segment reporting in financial analysis and decision-making.